RSG · NYSE · Waste Management

Republic Services (RSG)

Collects, processes and disposes of waste through vertically integrated North American infrastructure.

$214.55
vs last close+0.62 (+0.29%)
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Republic Services, Inc.RSG
Industrials

Collects residential, commercial and industrial waste, earns collection and tipping fees, and owns transfer, recycling, landfill and hazardous-waste infrastructure across the United States and Canada. Vertically integrated local networks move material from pickup through processing or disposal, while permits and contracted municipal and commercial volumes shape operations.

Collects residential, small-container and large-container waste; operates transfer stations, recycling centers and landfills; and provides hazardous-waste treatment, industrial field services and emergency response. Operations span the United States and Canada and are managed through two geography-based recycling-and-waste groups plus an environmental solutions group. Polymer Centers extend the recycling chain into recycled plastic feedstocks for packaging.

Combines local operating accountability with standardized processes and integrates acquisitions into existing routes and facilities to reduce duplicated costs. Vertically integrated local networks move material from collection through transfer, processing or company-operated disposal. Revenue is anchored in municipal and commercial contracts, while landfill capacity, hazardous-waste handling and facility operations require permits and environmental compliance; landfill expansion is not assured and closed sites carry post-closure obligations.

Company facts

CEOJon Vander Ark
ListedJul 1, 1998
ExchangeNYSE
HeadquartersPhoenix, AZ
CountryUnited States
Employees42,000
CIK0001060391
ISINUS7607591002

Market cap$65.82B
EPS (ttm)$7.06
P/E (ttm)30.30
ROE18.3%
P/B5.47
P/S3.90
Dividend yieldDiv yield1.17%
Beta−0.38vs XLI 0.15

Price target$234.00+9.4%Average of 35 analysts
ConsensusBuy19 of 35 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 11, 2026UBSReiterate
Rating: Target: $223
Rating: NeutralTarget: $235
Aug 7, 2026Morgan StanleyTarget
Target: $225
Target: $232
May 12, 2026UBSReiterate
Rating: Target: $220
Rating: NeutralTarget: $223
May 11, 2026BarclaysReiterate
Rating: Target: $227
Rating: Equal WeightTarget: $233
May 11, 2026Argus ResearchDowngrade
Rating: Buy
Rating: Hold

Next report
Oct 29, 26
in 37 days
EPS estimate
$1.92
Revenue estimate
$4.40B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25Apr '25Jul '25Oct '25Feb '26May '26Aug '26Oct '26
Reported$1.58$1.58$1.77$1.90$1.76$1.70$1.85Pending
Estimate$1.40$1.53$1.77$1.83$1.62$1.64$1.81$1.92
Surprise+12.9%+3.3%0.0%+3.8%+8.6%+3.7%+2.2%

RevenueReportedEstimate

Feb '25Apr '25Jul '25Oct '25Feb '26May '26Aug '26Oct '26
Reported$4.05B$4.01B$4.24B$4.21B$4.14B$4.11B$4.43BPending
Estimate$4.07B$4.05B$4.26B$4.24B$4.21B$4.10B$4.36B$4.40B
Surprise−0.7%−0.9%−0.5%−0.6%−1.7%+0.4%+1.5%
Estimate$1.92
ReportedDue Oct 29, 2026
Estimate$4.40B
ReportedDue Oct 29, 2026
View details

Debt to equity118.80%
Current ratio64.40%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$4.08B$4.05B$4.01B$4.24B$4.21B$4.14B$4.11B$4.43B
Net income$565.7M$512.0M$495.0M$550.0M$550.0M$544.0M$525.0M$566.0M
Net margin13.9%12.7%12.3%13.0%13.1%13.2%12.8%12.8%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$854.6M$812.0M$807.0M$870.0M$839.0M$807.0M$831.0M$901.0M
YoY growth+15.7%+13.7%+9.2%+6.3%−1.8%−0.6%+3.0%+3.6%

Balance sheet, Jun 30, 2026Cash & short-term investments $107.0M · Total debt $14.30B · Total assets $35.16B · Shareholders' equity $12.03B

Revenue
$4.43B
Operating income
$901.0M
Net income
$566.0M
View details

Dividend yield
1.17%
Next ex-date
Oct 2, 26
in 10 days
Annual dividend
$2.50
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yieldUpcoming

Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '26Oct '26
Dividend$0.58$0.58$0.58$0.625$0.625$0.625$0.625$0.67
Annual yield1.11%0.93%0.98%1.06%1.15%1.10%1.15%1.19%
Ex-dateJan 2Apr 2Jul 2Oct 2Jan 2Apr 2Jul 2Oct 2
Payment dateJan 15Apr 15Jul 15Oct 15Jan 15Apr 15Jul 15Oct 15
View details

Institutions59.64%183.51M shares
1,335 holders · as of Jun 30, 2026
Insiders38.17%117.42M shares
19 holders · as of Sep 14, 2026
Other2.19%6.73M shares
remainder

307.66M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Investment L.l.c. CascadeInsider10 percent owner
38.05%117.06Mfiled Sep 14, 2026
BlackRock, Inc.Institution
5.79%17.82Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
4.25%13.06Mas of Jun 30, 2026
State Street CorpInstitution
3.24%9.95Mas of Jun 30, 2026
Vanguard Portfolio Management LLCInstitution
2.31%7.12Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 11, 2026Investment L.l.c. Cascade10 percent owner+324,810$222.89
Sep 10, 2026Investment L.l.c. Cascade10 percent owner+256,000$222.30
Sep 9, 2026Investment L.l.c. Cascade10 percent owner+311,304$221.31
Sep 8, 2026Investment L.l.c. Cascade10 percent owner+409,500$221.49
Sep 4, 2026Investment L.l.c. Cascade10 percent owner+365,039$223.16
View details

  • WM

    US #1 solid waste — head-to-head in every collection, landfill, recycling line.

  • Waste Connections

    US/Canada #3 solid waste — collection, landfill, recycling, and RNG overlap.

  • Clean Harbors

    North America’s #1 hazardous waste network — overlaps Environmental Solutions.

  • GFL

    #4 solid waste in North America; collection, landfill, recycling; Canada + US.

  • Casella Waste Systems

    Northeast US solid waste — collection, landfill, recycling across 11 states.

Compare

CompanyPriceChange
Republic Services$214.55+0.29%$65.82B30.328.23.9+4.6%
WM$207.61+0.28%$82.76B29.324.33.2+4.0%
Waste Connections$155.57+0.01%$39.21B37.726.64.0+3.8%
Clean Harbors$313.88+0.79%$16.44B37.831.42.6+12.0%
GFL$42.00−1.78%$14.93B65.43.0+11.5%
Casella Waste Systems$85.57−1.70%$5.45B934.065.02.8+16.9%
Median37.731.43.0+11.5%